For the first time since going private in 2013, Dell has given us a peek into its financial condition.

It did so in a filing with the SEC as part of its planned $67 billion acquisition of EMC, the largest in tech history.

Dell's annual revenues have increased about 2% in the two years since it last reported its finances publicly.

Annual revenues went from $56.9 billion in its fiscal year ended February 1, 2013, to $58.1 billion in its fiscal year ended January 30, 2015. But they haven't bounced back to the 2012 peak of $62.1 billion in the fiscal year ended February 3, 2012.

Over the same period, gross margin cash declined from $12.2 billion to $10.2 billion. Dell also swung from a $2.4 billion net profit to a -$1.2 billion net loss during that period.

For the six months ended July 31, 2015, revenues were down about 6% compared to the year-ago quarter, from $29.5 billion to $27.5 billion.

It is still carrying about $11 billion in debt on its books from its $24.4 billion go-private deal. Dell borrowed $13.9 billion to make that deal happen. It has paid off about $4.5 billion of that debt in two years, including paying Microsoft back the entire $2 billion borrowed from that company as part of his go-private financing deal. So Michael Dell is technically no longer indebted to Microsoft.

The filing also confirms earlier reports that Dell plans to borrow about $50 billion ($49.5 billion, it says) to finance its acquisition of EMC (and refinance the debt it still has on its books).

It will also use $7.7 billion of cash from EMC and Dell to help pay the costs and it has arranged to sell $4.5 billion worth of equity.

Meanwhile, Dell is also spinning out assets, as seen in the IPO forms it just filed to turn SecureWorks into a public company. It is also reportedly raising money by trying to sell units like its SonicWall security business and Quest Software for a reported $2 billion each, and its outsourcing business, Perot Systems, for a reported $5 billion.

Most of what this SEC filing reveals has already been reported in the press. Still it's not every day that someone (even a billionaire) says, "Yes, I'll take on $50 billion of debt and orchestrate the largest IT acquisition in history to achieve my vision for my company."